Terra Tech Corp

die hatten anfangs vor einen reverse split zu machen und die b-shares (1B-share =5,3 common share wandelbar)aussen vor zu lassen...das wäre eine radikale verwässerung der commonshareholders gewesen....die direktoren(Insider) bessitzen glaub ich 25 mio B-shares(bis die 2 4ks erschienen) und je schneller die gewandelt werden desto besser meine meinung...das wäre eine radikale verwässerung der commonshareholders gewesen...auf der jahreshauptversammlung war dies der punkt 4 oder 5 der wurde aber gestrichen...ein rs wird auf jedenfall kommen fürs uplisting ...  

:-) danke  

terra geht heut richtig ab :-) sehr schön, so darf es weiter gehen.  

es scheint si, das Knoten in Nevada geplatzt ist. Terratech.....  

Aktuell 13,8M gehandelte Aktien heute. Gigantisch.  

schöner tag mit 18,3 millionen volumen...kompletter sektor ist heut on fire...  

und dem 3.Tag in Folge mit steigenden Kursen.  

 

ist auch nicht mehr lang ......vom Design/Aufmachung her wirklich edle Shops....  

Geht den Mitstreitern jetzt die puste aus ? In der Branche sollte
mann einen langen Atem haben d.h. mehrere Geschäftsmodelle :-)  

Im Fokus der Investoren ? Blüm mit Blüten von IVXX :-))  

On October 28, 2016, Terra Tech Corp. (the “Company”) entered into a Securities Purchase Agreement (the "Purchase Agreement") with an accredited investor (the "Purchaser")  relating to the sale of a 12% Senior Convertible Promissory Note due April 28, 2018 (the "Note") in the principal amount of $7,051,000 for a purchase price of $7,051,000 (the “Offering”). There were no fees or expenses deducted from the net proceeds received by the Company in the Offering. The Note and the shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) issuable upon conversion of the Note (the “Conversion Shares”) are collectively referred to herein as the “Securities.”

The Purchase Agreement contains customary representations, warranties, and covenants by, among, and for the benefit of the parties.

Pursuant to the Purchase Agreement, the Company agreed to sell the Securities pursuant to an effective shelf registration statement on Form S-3 (Registration No 333-210673), declared effective by the Securities and Exchange Commission on August 12, 2016, and a related prospectus supplement thereto.
 
12% Senior Convertible Promissory Note

The Note matures on April 28, 2018 (the “Maturity Date”), less any amounts converted or redeemed prior to the Maturity Date. The Note accrues interest at a rate of 12% per annum, payable on the Maturity Date or upon any conversion, prepayment, event of default or other acceleration of payment under the Note. All interest payments under the Note are payable, at the Company’s option, in cash or shares of Common Stock.

All principal and interest due and owing under the Note is convertible into shares of Common Stock at any time at the election of the holder at a conversion price per share equal to the lower of (i) $0.41 or (ii) 83.5% of the average of the three (3) lowest daily volume weighted average prices of the Common Stock in the fifteen (15) trading days prior to the conversion date (the “Conversion Price”), which Conversion Price is subject to adjustment for (i) stock splits, stock dividends, combinations, or similar events and (ii) full ratchet anti-dilution protection. Upon certain events of default, the conversion price of the Note will automatically become 70% of the average of the three (3) lowest volume weighted average prices of the Common Stock in the twenty (20) consecutive trading days prior to the conversion date for so long as such event of default remains in effect.

In addition, at any time that (i) the daily volume weighted average price of the Common Stock for the prior ten (10) consecutive trading days is $0.70 or more and (ii) the average daily trading value of the Common Stock is greater than $2,500,000 for the prior ten (10) consecutive trading days, then the Company may demand, upon one (1) day’s notice, that the holder convert the Note at the Conversion Price.

The Company may prepay in cash any portion of the outstanding principal amount of the Note and any accrued and unpaid interest by, upon ten (10) days' written notice to the holder, paying an amount equal to (i) 110% of the sum of the then-outstanding principal amount of the Note plus accrued but unpaid interest, if the prepayment date is within 90 days of the issuance date of the Note; (ii) 115% of the sum of the then-outstanding principal amount of the Note plus accrued but unpaid interest, if the prepayment date is between 91 days and 180 days of the issuance date of the Note; or (iii) 125% of the sum of the then-outstanding principal amount of the Note plus accrued but unpaid interest, if the prepayment date is after 180 days of the issuance date of the Note.

The foregoing description of the Purchase Agreement and the Note is qualified in its entirety by reference to the full text of such documents, copies of which are filed as Exhibit 10.38 and Exhibit 4.12, respectively, to this Current Report on Form 8-K (this “Report”) and which are incorporated by reference herein in their entirety.
 

Das muss ich mir gaaanz laaangsaam durchlesen.  

http://ir.terratechcorp.com/press-releases/detail/167  

Puh, kein optimales Timing, wie ich finde. Am 8. ist die Marihuana-Abstimmung in den USA, danach vermischen sich die Ergebnisse direkt mit den Zahlen. Da ich (noch) keine sehr guten Zahlen von Terra erwarte, könnte das viel Schwung aus dem Push des Abstimmungsergebnisses nehmen (hier erwarte ich nämlich etwas positives). Meinungen?  

hab ich auch bissel bammel vor ...rechne mit einem deutlichen verlust ...vermutlich nicht viel besser wie in Q2....die ausbauten/fertigstellung/betrieb der shops in nevada waren nicht umsonst....der umsatz muss stimmen ...6-7 mio $ mein tip  

denke ich werden je nach Abstimmung gut, oder schlecht für die Aktie gewertet werden.

Wenn die Zahlen schlecht sind (durch weitere investitionen in die Zukunft der Firma!?)

...werden vielleicht einige zu anderen Werten dieser Branche greifen.

Auf kurz oder lang denke ich die Firma ist auch ohne die anderen dazukommeneden Statten der Legaliesierung auch bestens aufgestellt.

Bei dem Wert in diesem Sektor hab ich am wenigsten Angst wie ich handeln soll.

Nur meine Meinung!!!!  

Derek Peterson, Chief Executive Officer of Terra Tech, commented, "We are encouraged to see our strategy to expand Terra Tech's retail presence in core target markets drive top line growth, with revenues reaching $7.0 million in the third quarter of 2016, representing a 244% increase compared to the prior year period. Third quarter results were supported by revenues from the Blüm Oakland Dispensary, in California, and the Western Las Vegas Blüm Dispensary, in Nevada, both of which opened in Spring of 2016. During the third quarter, we also opened the South Decatur Boulevard Blüm Dispensary, which is located east of the Las Vegas Strip in Nevada. Furthermore, with the passing of yesterday's ballots to legalize recreational cannabis in Nevada and California, we are well-positioned to accelerate our growth as the market opportunity rapidly expands."

Mr. Peterson continued, "In addition to establishing a retail presence in Nevada and California, we also remain focused on improving brand recognition of our proprietary IVXX-branded line of premium medical cannabis products. We believe that our IVXX products are fast becoming one of the most-trusted medical cannabis brands in the country, which will give our brand 'staying power' as the industry evolves and new players enter the market."

"The Company's Edible Garden segment, which produces local and sustainably grown hydroponic foods, also reported a strong performance, with revenues up 34% year over year for the third quarter. Our distribution channels now include Wegmans Supermarket and our sales team expects this segment to continue to provide steady cash flow to support growth in the business in the near future," concluded Mr. Peterson.

Financial Update:
•Total revenues generated for the quarter ended September 30, 2016 were approximately $7.0 million, compared to $2.0 million in the same period in 2015. This is an increase of 244% from the quarter ended September 30, 2015. The increase in third quarter revenues was primarily attributable to sales from the acquisition of the Blüm dispensary in Oakland, California, which closed on April 1, 2016, sales of IVXX cannabis products and Edible Garden sales of its produce, herbs and floral products. Third quarter revenues also benefited from sales from the Western, Las Vegas Blum dispensary which opened during the second fiscal quarter of 2016.
•Gross margin for the third quarter of 2016 was approximately $1.3 million or 19% of sales, compared to a gross margin of approximately $370,000 or 18% of sales for the third quarter of 2015.
•Selling, general and administrative expenses for the third quarter of 2016 amounted to approximately $6.0 million or 86% of sales, compared with approximately $2.1 million or 104% of sales for the third quarter of 2015. The increase was primarily due to an increase in salaries due to new hires associated with the Blum dispensaries. Other expenses include an increase in consultants' fees in connection with the Nevada business and an increase in amortization expense due to intangible assets acquired in the Black Oak Gallery acquisition.
•The Company realized an operating loss of approximately $4.7 million for the third quarter of 2016, compared to an operating loss of approximately $1.7 million for the third quarter of 2015.
•The net loss for the quarter ended September 30, 2016 was approximately $5.9 million or $0.01 per share compared with a loss of approximately $2.0 million or $0.01 per share for the third quarter of 2015. The primary reason for the increase in net loss is the increase in general and administrative expenses.
•Stockholders' equity for the third quarter of 2016 amounted to approximately $39.3 million, compared with approximately $6.3 million as of December 31, 2015. The increase is attributable to the Blum Oakland acquisition reduced by the current quarters' loss.
•Short-term debt as of September 30, 2016 amounted to approximately $2.0 million, compared with approximately $917,000 as of December 31, 2015. Long term debt increased from zero to $836,000 during the first nine months of 2016, due to additional borrowings used for working capital and capital expenditures.

Business Update:
•Cannabis Segment Updates:  •Opened the Company's second Nevada-based medical cannabis dispensary, located at 3650 South Decatur Boulevard, Las Vegas, Nevada

•Opened the Company's second Nevada-based medical cannabis dispensary, located at 3650 South Decatur Boulevard, Las Vegas, Nevada
•Edible Garden Updates: •Shipped the first order of 4 inch potted living herbs to Wegmans Food Markets, Inc. in New Jersey
•Increased automation, productivity and gross margins in building of the Dutch movable table system in an additional acre to meet demand, which is anticipated to be completed in December 2016
•Adding more contract growers throughout the country for additional distribution of the New Organic Super Leaf lettuce
•Planning for additional acreage and growers of the New Organic Super Leaf lettuce to enter the $5.2 billion category of cut leaf lettuce

•Shipped the first order of 4 inch potted living herbs to Wegmans Food Markets, Inc. in New Jersey
•Increased automation, productivity and gross margins in building of the Dutch movable table system in an additional acre to meet demand, which is anticipated to be completed in December 2016
•Adding more contract growers throughout the country for additional distribution of the New Organic Super Leaf lettuce
•Planning for additional acreage and growers of the New Organic Super Leaf lettuce to enter the $5.2 billion category of cut leaf lettuce

Miscellaneous Updates:
•Appointed industry veteran, Joseph E. Segilia, as the Company's General Counsel
•Derek Peterson, Terra Tech's CEO, presented at the Aegis Capital Corp. 2016 Growth Conference
 

am 1.11.16 waren 488mio Common shares outstanding....mich haben die zahlen überzeugt....gruss an alle  

http://seekingalpha.com/article/...16-q3-results-earnings-call-slides  

http://ir.terratechcorp.com/press-releases/detail/169  

nice,... aber mehr, als das der CEO als  "Tech-Kenner" und "Branchenspezialist", die anwesenden Sharks beraterisch unterstützt/berät (Inhalt/Fakten und Anwendbarkeit) , während ein Unternehmen sich im Pitch vorstellt,.... (zwar eine Ehre und sicher gut für die eigene Reputation).....ist es nicht!

Zitat:"Derek Peterson, CEO of Terra Tech Corp., has been appointed a "shark" at the November 14-15 event, alongside Jeff Beverly, president and director of Grow Solutions Inc., and Ean Seeb, co-owner and manager of Denver Relief. As experienced and trusted experts in the cannabis industry, they have been chosen to be the event's Q&A panelists to help the investor audience more fully understand the presenting entrepreneurs and their businesses." ENDE Zitat

http://www.stockwatch.com/News/...161114&symbol=TRTC&region=U  

.. das geht bergab gerade. Kennt jemand die Gründe?  

http://belmontbusinessjournal.com/...terra-tech-corp-otcpktrtc/25300/

IMO ,.. kommen nun einfach erste Analysten und schauen sich die tw. irrwitzigen Bewertungen jetzt einfach mal etwas genauer an....

TRTC ist nicht alleine,... hat aber ein schönes Down-Gap gerissen,.. mal so im Hinterkopf behalten

http://mjinews.com/stock/terra-tech-corp-2/  

justizminister sessions schlimmer hätte es nicht kommen können ......